The Nigerian equities market began the week on Monday, February 3rd, 2025 on a positive note as investors gained N83 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a surge in the share prices of stocks like PRESCO, BETAGLASS, OKOMUOIL amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to ₦64.791 trillion from ₦64.709 trillion which was recorded by the bourse on Friday, January 31, 2025.
The benchmark All-Share Index (ASI) increased to 104,630.30 points from 104,496.12 points which were recorded the previous trading day.
The market breadth was negative as 20 stocks advanced and 34 stocks declined, while 65 stocks remained unchanged in 14,611 deals.
PRESCO, BETAGLASS, OKOMUOIL led other gainers with 10%, 10% and 9.99% growth each in prices to close at N643.50, N78.65 and N537.20 from the previous N585.00, N71.50 and N488.40 per share.
UPL, OMATEK, and SCOA led other price decliners with 10%, 9.88%, and 9.83% decline each in share prices to close at N5.04, N0.73 and N3.67 from the previous N5.60, N0.81 and N4.07 per share.
On the volume index, FBNH led trading with 83 million shares in 405 deals followed by ZENITHBANK which traded 54 million shares in 841 deals.
UNIVINSURE traded 32 million shares in 151 deals.
On the value index, ZENITHBANK topped as the security traded stock worth N2.7 billion in 841 deals followed by FBNH which traded equities worth N2.4 billion in 405 deals.
UBA traded shares valued at N1.1 billion in 633 deals.
By: Babajide Okeowo